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Fiat

Elkann’s ‘family business focus’ behind Samsung nomination
May 10, 2012

The decision by Exor, the company behind Italian carmaker Fiat, to nominate Samsung heir Lee Jae-yong to its board is “linked” to chairman John Elkann’s “clear determination to develop close relationships” with other family businesses.

The decision by Exor, the company behind Italian carmaker Fiat, to nominate Samsung heir Lee Jae-yong to its board is “linked” to chairman John Elkann’s “clear determination to develop close relationships” with other family businesses.

Making and breaking relationships
May 4, 2012

You win some and you lose some, the adage goes. And this month saw a bit of both with two carmaking family businesses, Fiat and Tata, bringing to an end their six-year sales relationship, while Kuehne+Nagel, a Swiss logistics family company, extended its partnership with a subsidiary of LVMH.

You win some and you lose some, the adage goes. And this month saw a bit of both with two carmaking family businesses, Fiat and Tata, bringing to an end their six-year sales relationship, while Kuehne+Nagel, a Swiss logistics family company, extended its partnership with a subsidiary of LVMH.

Family business roundup: Profits down at Ford, up at America Movil, Fiat and VW
April 28, 2012

Ford Motor Company, the US carmaker controlled by the founding Ford family, saw its profits plummet during the first three months of 2012, while three other family businesses have posted strong quarterly results. 

Ford Motor Company, the US carmaker controlled by the founding Ford family, saw its profits plummet during the first three months of 2012, while three other family businesses have posted strong quarterly results.

Elkann: Exor will focus on large investments
April 12, 2012

Exor, the Italy-based holding company controlled by the Agnelli family, is to focus on its large investments, rather than seek smaller assets.

Exor, the Italy-based holding company controlled by the Agnelli family, is to focus on its large investments, rather than seek smaller assets.

In a letter to shareholders, family member and Exor chairman John Elkann said: “We want to reduce the number of small investments in order to concentrate on a few larger ones.”

One location and 21 iconic Ferraris – museum honours the cars of Italian family business
March 15, 2012

Sports car fans in Italy are perhaps riding high – it isn’t often that some of the most famous Ferrari cars in the world are found in one place. But that’s what has happened at the Enzo Ferrari Birthplace Museum.

Sports car fans in Italy are perhaps riding high – it isn’t often that some of the most famous Ferrari cars in the world are found in one place. But that’s what has happened at the Enzo Ferrari Birthplace Museum.

Based in Modena in Italy, the museum honours Enzo Ferrari, the founder of the eponymous sports car, which is today part of family business automobile giant Fiat.

Peugeot family confirms alliance with GM
March 1, 2012

French carmaker Peugeot has confirmed its alliance with General Motors, in a move that could see the founding Peugeot family reduce its control of the family business.

French carmaker Peugeot has confirmed its alliance with General Motors, in a move that could see the founding Peugeot family reduce its control of the family business.

After weeks of speculation, Peugeot said in a statement that it has teamed up with GM to “contribute to the profitability of both partners” and consolidate its presence in the European market.

Family business roundup: Merck and Fiat plan to reduce costs
February 27, 2012

Global volatility looks to be taking its toll on European family-run companies Merck and Fiat, which are respectively cutting jobs and considering closing plants to improve margins.

Global volatility looks to be taking its toll on European family-run companies Merck and Fiat, which are respectively cutting jobs and considering closing plants to improve margins.

German family business Merck, which operates in the pharmaceutical industry, plans to reduce its workforce “across all businesses and regions”, according to a statement.

“Day of joy” for Agnelli family as new Fiat Panda is unveiled
December 15, 2011

Pandas have been making headlines a lot recently, thanks to China and Scotland joining forces to bring some of the cuddly-looking creatures to Edinburgh zoo. Now an entirely different type of panda – the Fiat Panda – has caught the attention of the press after the Italian carmaker unveiled the latest model. 

Pandas have been making headlines a lot recently, thanks to China and Scotland joining forces to bring some of the cuddly-looking creatures to Edinburgh zoo. Now an entirely different type of panda – the Fiat Panda – has caught the attention of the press after the Italian carmaker unveiled the latest model.

The compact city car boasts four airbags, ABS and daytime running lights as standard, as well as its well-regarded two-cylinder TwinAir engine.

Suzuki wants to end its two-year alliance with VW over Fiat controversy
September 12, 2011

An alliance between family-controlled carmakers Suzuki and Volkswagen may come to an end over a dispute involving Fiat, the Italian car manufacturer controlled by the Agnelli family. 

An alliance between family-controlled carmakers Suzuki and Volkswagen may come to an end over a dispute involving Fiat, the Italian car manufacturer controlled by the Agnelli family.

Suzuki Motor offered to buy Volkswagen’s stake in the company on 12 September after the German firm accused its Japanese partner of breaking the terms of their contract by agreeing to buy diesel engines from Fiat, instead of first considering VW.

However, in a statement, Suzuki denied the allegation: “We can affirm that we have not breached the contract.”

Family-controlled Exor reports huge jump in profits
August 31, 2011

Family-controlled Exor, the parent company of Italian car manufacturer Fiat, expects its massive €460.1 million jump in six-month profits to be followed by strong results for the last half of the year, according to a company spokesman. 

Family-controlled Exor, the parent company of Italian car manufacturer Fiat, expects its massive €460.1 million jump in six-month profits to be followed by strong results for the last half of the year, according to a company spokesman.

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